Home Business OPEC, Russia extend record oil cuts to end of July Business OPEC, Russia extend record oil cuts to end of July By Genpie - June 6, 2020 89 0 Facebook Twitter Google+ Pinterest WhatsApp OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10% of global supplies from the market.